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United States · Bill · S

S. 2529 (117th)

IGNITE American Innovation Act

referredUnited States· United States Congress· EN

Introduced

29 July 2021

Last action

29 July 2021 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Menendez, Robert [D-NJ]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Summary

Innovation and Growth Now by Investing in Tomorrow's Enterprises Act or the IGNITE American Innovation Act This bill allows certain C corporation taxpayers to elect an increased advance refund of net operating loss carryovers attributable to COVID-19 research expenditures in 2020 and 2021. The bill also allows such taxpayers an advance refund of certain other net operating loss carryovers arising during 2015 through 2021. The bill allows an increased research tax credit for COVID-19 research expenditures paid or incurred on or after February 15, 2020, and before January 1, 2022.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 29 July 2021

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 29 July 2021

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 29 July 2021

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 29 July 2021

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 29 July 2021

    Open at official source

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Sponsors

Related records

Sources

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